“The government is aiming to clear the outlook for the financial program in the short, medium and long-term horizon,” Lacunza said. “This is due to short-term liquidity stresses and not due to problems with the solvency of the debt.”
(Aug 29): Argentina’s government plans to extend the maturity of its debt to stabilise markets after a brutal week of declines that saw it struggle to rollover Treasury bills.
The government will extend the short-term maturities for institutional investors and send a bill to congress to enable the “voluntary reprofiling‘’ of longer-term debt, Economy Minister Hernan Lacunza said. The interest rates will remain the same, only the timing changes.
